If you really want to outperform your competition, look to amenities and stand out in the crowd.

A 14.8% gross yield.It’s doing $4,300 a month this year so far but of course that’s been high season.The rental manager believes that the condo will outperform last year.

You should always buy value-add, whereby post-stabilization you can pencil significantly outperforming the market, whether it's at 5 cap, or at 6 cap. 

@Collin H. are you seeing your better units (location, amenities, decor, etc) outperform their numbers YoY and the opposite true to average and below average units?

I agree with you that good interior design is a great way to do it.My vacation rentals clients here in Colorado that pay for a designer outperform their competition by 25% or more.

This classic “leveraged buyout” is the basis for what we call “private equity” (KKR) today, but of course requires significant capital, business and financial expertise and experience, and a business target large enough to attract top tier management with incentives to out perform the previous management.   

So in most areas, STR with PM only outperforms LTR if STR is super good and/or LTR is super bad.

So homes with ADUs sell for more, and the appraisals have followed pricing for four+ years now.I personally know an investment group that targets neighborhoods, mostly in the San Fernando Valley, where comps with ADUs are outperforming non-ADU comps so that they can refinance out the value created by their ADUs.

My stocks are outperforming my Indiana properties.

Even in a mediocre market, if you have a great agent and a great PM, you will outperform a great market with a mediocre PM and agent.That's also why I think it makes no sense to invest in 17 different markets: you don't know much about any of them, you have to build a network of people in every market, the law is different in every State and it's physically/economically impossible to visit any. (1-4 units anyway, large commercial is different).